kohls corp (KSS*) Details

Kohl’s Corporation operates department stores in the United States. It offers exclusive and national brand apparel, footwear, accessories, beauty, and soft home products to children, men, and women customers. As of February 1, 2014, it operated 1,158 family-oriented department stores and a Website, Kohls.com. Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

kohls corp (KSS*) Key Developments

Kohl's Corporation Declares Quarterly Dividend on Common Stock, Payable on March 25, 2015; Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2015; Provides Earnings Per Diluted Share Guidance for Fiscal Year 2015

Feb 26 15

On February 25, 2015 Kohl’s Corporation's board of Directors declared a quarterly cash dividend on the company's common stock of $0.45 per share, a 15% increase over its prior dividend. The dividend is payable March 25, 2015 to shareholders of record at the close of business on March 11, 2015.
The company reported un-audited consolidated earnings results for the fourth quarter and year ended January 31, 2015. For the quarter, the company reported net sales of $6,337 million against $6,099 million a year ago. Operating income was $654 million against $609 million a year ago. Income before income taxes was $570 million against $522 million a year ago. Net income was $369 million against $334 million a year ago. Diluted net income per share was $1.83 against $1.56 per share a year ago.
For the year, the company reported net sales of $19,023 million against $19,031 million a year ago. Operating income was $1,689 million against $1,742 million a year ago. Income before income taxes was $1,349 million against $1,404 million a year ago. Net income was $867 million against $889 million a year ago. Diluted net income per share was $4.24 against $4.05 per share a year ago. Net cash provided by operating activities was $2,024 million against $1,884 million a year ago. Acquisition of property and equipment was $682 million against $643 million a year ago.
For fiscal year 2015, the company expects earnings per diluted share of $4.40 to $4.60. The company expects capital expenditure of $800 million in 2015, approximately $120 million more than 2014. 2015 CapEx is expected to include $350 million for IT spending, $250 million for store strategies, including new stores, remodel, beauty and other easy experience initiatives and $200 million for base capital projects.

Kohl's Corp. announced the launch of Bliss as the company further establishes itself as a go-to beauty destination. Bliss is one of many trusted brands to join Kohl's expanding portfolio of beauty offerings that includes LORAC, Pr Minerals, CARGO Cosmetics and H2O Plus. The Bliss partnership will offer signature skincare and body products beginning in March at more than 500 Kohl's stores and Kohls.com [3], rolling out to all stores this year.

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